China vowed on Tuesday to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets.

US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy.

Despite the market turmoil, Trump insisted: "my policies will never change". Wall Street stocks fell more than two percent at the start of trading, with the blue-chip Dow falling below 40,000 points for the first time since August, a day after the S&P 500 experienced its largest drop since the...

After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures would "have substantial implications for global trade and economic growth prospects".

The tariff announcements rattled stock markets while safe haven gold hit a new record high, oil prices fell and the dollar slumped against other major currencies.

China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its own rights and interests".

The property giant attributes loss to falling sales and shrinking profit.

The clean energy giant posted $7.8bn in revenue for 2024.

TikTok faces a deadline to divest from its Chinese owner or be banned in the US.

Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa. Markets fell in Asia and Europe in response to what analysts said were the...

Pressure from Trump could motivate Beijing to strengthen the kinds of support for the economy seen last year -- interest rate cuts, easing local government debt pressure and expanding subsidy programs for household goods.

Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical outlook after the first high-level official US-Russia talks since the invasion of Ukraine.

Rio de Janeiro, Brazil - Leaders of the countries known as BRICS will hold a summit in Rio de Janeiro in July, the current chair Brazil announced Saturday. Other members of the trading bloc include Russia, India, China and South Africa and others. Brazilian Foreign Minister Mauro Vieira said on the...

Tokyo, Japan --Japanese auto giant Honda and its struggling rival Nissan will reportedly begin talks on a merger to boost their strength in electric vehicles, where Chinese brands are racing ahead. At the same time, Taiwanese electronics behemoth Foxconn has approached France's Renault to buy its large stake in Nissan, according...

The platform faces accusations of espionage in the United States, while the European Union has launched an investigation into claims it was used to sway Romania's presidential election in favor of a far-right candidate.

Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting

Major stock markets diverged as investors reacted to political crises in South Korea and France, and tracked the perspectives for interest rate cuts. Gold, seen as a haven investment, gained around one percent.

South Korean President Yoon Suk Yeol was still clinging to power Thursday, with his party announcing they will oppose an impeachment motion after his short-lived imposition of martial law stunned the world

Doha, Qatar - Qatar has agreed to supply three million tonnes of gas a year to China in a deal with London-headquartered energy giant Shell, the emirate's state energy company said on Monday. The liquefied natural gas deliveries would begin in January as part of a "new long-term sale and...

US President-elect Donald Trump's sweeping tariff plans target Canada, Mexico, and China, raising fears of a global trade war, with analysts predicting significant retaliation from Europe and Asia that could dampen global economic growth.

Boeing CEO Ortberg told workers a trade war with China would weigh heavily on Boeing. The meeting came about two and a half weeks after Boeing workers in the Seattle area ratified a new contract, ending a more than seven-week strike

Riyadh, Saudi Arabia -- The second meeting of the Saudi-Chinese-Iranian Joint Tripartite Committee to follow up on the Beijing Agreement in Riyadh on Tuesday reaffirmed their commitment to implementing the Beijing Agreement in all its provisions. They also reaffirmed their continued endeavor to consolidate neighborly relations between their countries through...

Paris, France -- Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower growth, experts say Global trade threatened? During his first term in office from 2017 to 2021, Trump often resorted to...

Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy. The cuts come just days after the country posted its slowest quarterly growth in a year...

Hong Kong, China- Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fueled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses. Traders were keeping tabs on China after Beijing said its housing minister...

The plan is part of a series of actions undertaken by Beijing to draw a line under a years-long property sector crisis and chronically low consumption that has plagued the world's second biggest economy.

China's central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back towards this year's roughly 5% target. More fiscal measures are expected to be announced before China's week-long holidays starting on Oct. 1, after...

Brussels, Belgium -- Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive, around 200 picketing workers huddled around a bonfire in the morning drizzle. The firm is considering closing the plant, a move that analysts say is symptomatic of the troubles afflicting...

Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries to have taken similar measures against the social network, most of them run by authoritarian regimes. Beyond permanent bans, some nations have temporarily restricted access to X, formerly Twitter, which...

While some sectors have largely regained their strength -- including tourism and the auto industry -- others are struggling, particularly real estate, a key growth driver. The non-manufacturing PMI, which includes services, was in positive territory in August at 50.3 points compared with 50.2 a month earlier.

Hong Kong, China -- Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm. The decision by shareholders during its annual general meeting Thursday will...

It became just the second country after China to do so. The UAE said it was committed to "building bridges" to help the Afghan people, after the Kabul foreign ministry announced on social media that new ambassador Mawlawi Badruddin Haqqani had been received in a ceremony in Abu Dhabi.

Beijing, China - China dominates the market for electric vehicles. Now it's chasing in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines, Reuters reports. At the World Robot Conference this week in Beijing, over two dozen Chinese companies showed off humanoid robots...

Oil prices fell by more than $2 a barrel Monday on the prospect of successful Middle Eastern peace talks reducing supply risks, while leading oil importer China's economic weakness threatened to curb demand, Reuters reported Brent crude futures settled at $77.66 a barrel, dropping $2.02, or 2.5%. U.S. West Texas...

Beijing, China - Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world's second-largest economy faces mounting headwinds. China is battling soaring joblessness among young people, a heavily indebted property sector and intensifying trade issues with the West. Chinese...

Paris, France -- Uncertainty about Chinese economic growth is weighing on global oil demand this year, OPEC said on Monday, leading the producers cartel to slightly revise down the robust projections it made in July. "The world oil demand growth forecast for 2024 is revised down slightly by 135,00 barrels a...

 The volume of bilateral trade between the Sultanate of Oman and the People’s Republic of China has increased 8% in the first five months of 2024 to reach over US$15bn, compared to the corresponding period in 2023, Zawa reported. This was revealed by the Chargé d’Affaires in the Chinese Embassy...

The meeting has been requested by Iran and supported by representatives of Russia, China and Algeria, said a spokesman for the Russian presidency, which holds the rotating leadership of the council. Separately, UN chief Antonio Guterres denounced the attacks on Tehran as well as Beirut as a "dangerous escalation".

Rotterdam, Netherlands -- The first methanol-powered ship to ply routes between Europe's busy ports was unveiled Tuesday in Rotterdam, with shipping owners hoping to spur efforts to bring down the industry's huge carbon footprint. The Eco-Maestro, a 13,675-tonne container carrier will head off to Antwerp in the next few days, before...

Istanbul, Turkey -- China's electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs. The signing ceremony in Istanbul between BYD's CEO Wang Chuanfu and Turkey's industry and technology minister Fatih...

Brussels, Belgium -- The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. A European Commission probe launched last year concluded that state subsidies for Chinese EV...

Beijing, China - Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country's shaky economic recovery ahead of a key political gathering expected to focus on deepening reform. The manufacturing purchasing managers' index (PMI) -- a key measure of factory output -- registered...

Paris, France -- The world is likely to have a "major surplus" of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said in an annual report published Wednesday. Global demand is expected to "level off" at 106 million barrels per...

Hong Kong, China - Palestine created history when they booked a place in the third round of the FIFA World Cup qualifiers for the first time following a goalless draw on Thursday against Lebanon in Doha. Against the backdrop of the war in Gaza, the Palestinian team has already claimed a...

Meeting Sisi on Wednesday, Xi said he was "deeply pained" by the "extremely severe" situation in Gaza, where the Hamas-run territory's health ministry now says 36,171 people, mostly civilians, have been killed. He said China was ready to work with Egypt to continue to assist the people of Gaza "and...

"At approximately 1 am (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic missile (ASBM) into the Red Sea and struck M/T Wind, a Panamanian-flagged, Greek owned and operated oil tanker", CENTCOM said in a post on social media site X.

Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data, CNBC reported China’s consumer price index climbed 0.3% year on year, beating Reuters estimates of a 0.2% rise. The producer price index, however, fell 2.5% year on year, more than the estimated 2.3% drop. The data highlight...

The China State Shipbuilding Corporation (CSSC) is set to deliver eight Liquified Natural Gas (LNG) vessels in 2028 and 2029, and the others in 2030 and 2031, the energy company said. The LNG carriers will be built at China's Hudong-Zhonghua shipyard and measure 271,000 cubic meters each.

Stock markets fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel's army chief vowed a response to Iran's unprecedented attack on his country at the weekend. The selling came after Wall Street's three main indexes tanked in response to forecast-beating...

Riyadh, Saudi Arabia -- Saudi Arabia has imposed anti-dumping duties on seven products imported from 10 European and Asian countries, six of which are subject to the unified GCC law to protect the industry from the damage caused by dumped and subsidized imports, media reports said. The products included all...